Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1887-12-10
BANKING AND FARMING.

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tion of the National Banks CoInmis.
sionrr Colcman's Work in the Agricult-
q al Department.
Il NATIONAL BANKS
WASHINGTON, Dec. 1.-The annual report Of
the Comptroller Of the Currency shows that
the total humble Of Nat onal banks organized
up to October 81 was 3,Sl5, OF which 625 have
gone into voluntary liquidation, 10 have failed,
leaving in operation ut that date &,06l. The to.
tai number Of new banks formed during the last
year was 22j, total number closed during the
year, 33, of which % went into voluntary liqui-
dation and s failed.
The gross increase in National-ban capital
during the year amounted to t3G,S9l,7 a5, OF
which S,s6S,Olj represents an Increase OF capt.
tai by banks exist ng November /, 1885. There
was, however, q decrease of capital Of S6,3.2,-
45O, of which $LuS5, i5l was the aggregate CAPT
tai Of the thirty-threo banks which went into
voluntary liquidation and failed, and the re-
mGinder represents a decrease Of capital by
banks still in operation. The net increase Of
capital for the year is, therefore, S3l,572, 33j
On the other hand there is a net decrease OF
$50, 4O5. $50 in the circulation represented by
bonds. The decrease resulting from the sur
render of circulation by banks still In operation
is Sj1,7lh,i.& and the decrease caused by banks
going into voluntary liquidation and failing IS
Sl,2543S0, making a gross decrease OF S9,O+L.-
S33, Offset by a total increase OF SS,5i9, 265, which
consists OF an increase by the formation OF new
banks of a, 502,0 90 and an increase of %circula-
ton by previously existing banks to the amount
Of 29j7,l75.
In the cases Of four of the five banks which
failed the creditors have received principal and
interest in full, and in the case Of the fifth the
total OF dividends mounts to 81 per cent. The
tAtnl n,1,,, - ,n,n, ,1uSI in div dnV,1g ,rr,,rr
ne last year is -, lOj, 203; whole amount pad
TO creditors Of i~nsoivent banks since the sys-
TEN has been in operation is s29,4 1874, 93G, upon
proved cluims amount ng to $40, 90, SSs; total
assessments on stockholders, S9,9i5,250, of
which gross collections have amounted TO
S,6S2 563.
The Comptroller submits u cod ~tcation of the
banking laws. He recommends that the mini
mum amount of bonds to be deposited by a
bank as sccurity for circulation shall be 10 per
cent. of the capital Of banks not over $4,000,
and $4,000 for banks OF which the capital ex-
cerds ;!5 zoo; also that the semi-annual duty
on circulation be hereafter charged only on the
amount issued upon bonds deposited IN excess
of the minimum amount as above; also that The
Natonal-bank notes be counted as a part OF the
lawful reserve of banks.
The existing laws as to the responsibility Of
ClIltefS Oh Dalks are llouillcu ny llls tOut 81 Us
to avoid existing obstacles to their prompt on
forcement. The restriction on banks rs TO max
ing loans in excess of 60 per cent. Of capital to
any one party is modified In respect to loans
upon collateral security and the total limit is
raised to 20 per cent. of capital and surplus.
The provisions as to reserve upon deposits are
modified so rs not u include Government de-
posts, AMI the provision 1s to State taxation
of National banks is also modified.
THE FIGHT AGAINST PLEURO.
WASHINGTON, Dec. 2.-The annual report of
the C, mmlssiouer Of Agriculture says that the
Governors of thlrty-onc States and Territories
have accepted the rules AMI regulations Of
the Bureau Of Animal Industry in regard
to pleuro-puoumoniG and promised the
assistance OF local police officers to
secure their enforcement. In add
ton the Legislatures of Rhode Island,
Virginia, New York and Illinois have
enacted laws providing Cor cooperation. The
worst infected counties, the report says, and
those from VIII Oh there was most danger of
the $ read Of the diseAse-ylz., those in the
ne ghborhood Of New York Chicago and Bal
timore-haye been placed IN quarantine and
no cattle allowed to lcayc them without q per.
init issued after a special examination. BY his
means II woutbreaks have been almost entire
~ prevented.
From the beginning OF the work for the
eradication of this disease. in August, 1856, to
October 81, 1851, the inspectors OF the bureau
have inspected 1887 herds, containing H..
4SD animals, in districts where the plague
was supposed tC exist. Among these
there were found i9S infected herds,
containing 1875 animuls, Of which 2,231
were affected with pleuro.pneumonia. These
| figures 90 not include ?,S73 head of cattle in
the dis!illery stables of Chicago, nearly hall
Of which were deceased. lhe lumber OF
animals found affected by this d sease and
the lumber Of infected nerds were much
greater thar had been anticipated, and the
work for It's control has subsequently, required
a correspoudu gly larger force and greater ex'
| pend,ture OF money. The progress made, how
ever. has been very satisfactory, and the APP
preparation has been found sufficient to NEE
the demands made upon ii.
The Commissioner expresses regret Mt the un
avoidable loss inf cted on the farmers of Hi
NOS by the cattle quarantine, and adds:
'"Ihcre has not been Il time in years whel
this malady has been confined 10 such restrict
Ell areas MS at present, and, consequently, tn
conditions are very favorable for its com
plete eradication. II the State authori
ties continue their cooperation as at present
which there is every reason 70 expect. and
an Appropriation is mace By Congress equal I
that oi the present fiscal year, and with author
ity for its similar use, If is believed that til.
dangerous plague Can be terminated by tn
end Of the next fiscal year
The Commissioner says 1t is yet too early t.
make an official statement OF the results il lie
tail of the present years experiments in tn
development OF ~sorghum-sugar manufacture
but that enough is known already to enable thl
country to anticipate an early success OF Ia
enterprise.
The CommIss 'oner recommends that tn
Public Printer be authorized to furn 'sh {
the agricultural press Of the country at tn
mere cost Of labor and material olectrotypt
Of such Illustrations Of the departmer
as the editors may desire, and tina
the duties Of the seed division be trans
fcrred to State and Territorial cxperimer
stations, The Commi- .ionsr ~disapproyes Of III
efforts to make his department an Executiy
department with a Cabinet Minister ut its heaC
He says that the building OF reservoirs anon
the Rocky Mountains for The storage of an in
mense volume OF water now wasted sh0ul
command the early attention of Congress,